The message is clear: Current conditions demand the imposition of taxes, since the government’s measures to strengthen the state funds, such as the tax amnesty and the legalization of the illegal...
The European Court decided on Tuesday to annul the ECOFIN decision dated November 25, 2003 that had frozen sanctions issued by the European Commission against Germany and France for their failure to...
14/07/2004
State revenues for the first quarter of 2004 stood at £608,4 million, while total expenditure for the same period amounted to £657,3 million. According to CYSTAT data released on Tuesday, the fiscal...
13/07/2004
International Credit Rating Agency, Fitch, gave on Friday a long-term foreign currency 'A+' rating with a Positive Outlook to Cyprus’ upcoming EUR500 million 10-year bond issue. Cyprus evaluation...
02/07/2004
Cyprus needs a different economic policy based on knowledge and promoting the increase of productivity as the most important driving force of development, SK EDEK Chairman, Yiannakis Omirou said on...
30/06/2004
In the past few days, Cyprus has experienced its first disappointment, after Slovenia, Estonia and Lithuania became the first newcomers to join the Exchange Rate Mechanism 2. Until recently,...
30/06/2004
In May the government forecast that the deficit will contract to 5.2% of GDP in 2004 and to 2.9% of GDP in 2005 appears achievable, but there is serious doubt that the government will be able to make...
28/06/2004
The Convergence Program submitted to the EU by the Cyprus government is optimistic. We should not, therefore, exclude the possibility of taking additional measures for fiscal consolidation, BOC, CPB...
24/06/2004
The Finance Minister had received the views of certain trade unions and political parties before the submission of the Convergence Program and included some them in the Program, Government Spokesman...
23/06/2004
Left-wing party AKEL expressed its strong disagreement on Wednesday on the measures of the Convergence Program submitted to the EU, as well as other measures of fiscal consolidation announced by the...
23/06/2004